CDS-Backed Deals Record USD24B Hit

Structured deals backed by credit default swaps lost roughly USD24 billion as a result of financial institution failures in the U.S. and Iceland, according to JPMorgan.

13 Nov 2008

Structured deals backed by credit default swaps lost roughly USD24 billion as a result of financial institution failures in the U.S. and Iceland, according to JPMorgan. Analysts warned in a report that the sector could lose another USD32billion if the failures continue. Most at risk of future losses
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